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The bill that would ban dual agency in the State of California that was stalled last year, was revived and heard on Tuesday. As written, AB 1059 (Gonzalez-Fletcher; D-San Diego), would prohibit an agent from acting as a dual agent in a commercial real estate transaction. However, after many hours of working with the Author and the Assembly Judiciary Committee, new language had been written that moved away from the outright ban and sought to create an additional disclosure.
In December, a split roll tax initiative was filed by California Calls is a grassroots mobilization group typically funded by far-left advocacy groups. Under the proposal, all business properties will be reassessed to 2020 values and will be reassessed every three years thereafter.